Bay Area - South Bay Apartment Market


Apartment Market Inventory (50+ Units):

Properties 638
Units 106652
Submarkets 22
Cities 12

Principal Municipalities

San Jose, Sunnyvale, Santa Clara, Mountain View, Campbell, Cupertino, Milpitas and Palo Alto

Counties

Santa Clara

What's New - Apartment Related Information/Data

Market Related Blog Articles

Since late 2012 little has been written, or even discussed, about the Sequester’s affects on economic conditions. But no discussion is necessary to see the affects on employment in some markets, while others appear to have been untouched.
Apartment demand is underwritten near entirely by employment change. And some markets are receiving more than their fair share.

The apartment development market is progressing full on.  It happens at some point in every market ascension, but it’s no less exciting to see the most current action.  In some markets, the action is intense.

From dead-and-buried to rising to near the front of the pack, California’s Central Valley lead GDP growth during the three year period ending in 2011 – behind only San Jose and Oxnard.

Employment growth attractively contradicts national numbers in a few select markets.  Among Pierce-Eislen’s 54 markets, 2012 employment growth exceeded 2.0% in 19 markets.

Our first period (January/February) apartment rental market survey revealed some unexpected twists in expectations relating to the apartment rental market’s progression

Some interesting activity is developing among sixteen of the markets surveyed by Pierce-Eislen.

During the most recent reported employment statistics period these twenty-two markets illustrated the most robust growth.

Pierce-Eislen’s market coverage includes five apartment markets that have performed most aggressively during this cycle

Apartment rental rates in most markets are increasing in absolute terms. No surprise there. But relative terms bring up other thoughts